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  • #137,701
  • Nov 15, 2015 1:24am Nov 15, 2015 1:24am
Quoting ikdenk
Does anyone have the indicator shown on the attached chart by PayTheLimit some years ago. It shows prices on manually drawn S/R lines. {image}
I think he customized the default fib tool in MT 4......
  • #137,702
  • Nov 15, 2015 3:31pm Nov 15, 2015 3:31pm
Quoting grant18265
{quote} I think he customized the default fib tool in MT 4......
I think you're right. Only use level 0 with Description %$. Writing is a bit small, but hey - can't have it all!

Thanks for your suggestion.
  • #137,703
  • Nov 16, 2015 3:55am Nov 16, 2015 3:55am
Quoting 21vs7
{quote} ..as a possible start of hikes by FED we could get into some risk off environment. Remember that FED is back after 10y of easing..a big change on a global scale and with equities on a front row plus low global growth and geopolitical risks increasing plus inevitable high volatility we could see even xjpy very very strong play on a short side. Talking about UJ shorts. Fading potential spike up when seen JPYx strenght. Considering the Gold as I talked about few days back..it is seen that Gold is on a buy side as said, and as seen in the picture:...
ya gold turned out to be weaker but now stands at +0,44% ag the market in last 5 days. so again going in the market even thou 2 red trades in the last weeks.

16th only date this month on BOJ play. chfjpy stays still

well, intraday trading doing ok, so sticking to my preffered gunz
gl
  • #137,704
  • Nov 16, 2015 9:25am Nov 16, 2015 9:25am
Exited my silver for crumbs

Silver filled the gap as expected, but Gold has yet to....it's close

Looking to load silver again very soon. Ideally we'd see Gold accomplish its gap-fill and then we can see if silver is around the fib loading areas..14.07 comes to mind

Will want to see Oil and EU jump on board as well of course
  • #137,705
  • Nov 16, 2015 10:42am Nov 16, 2015 10:42am
Sisse & Fool; I've a speculation that perhaps you two would like to give some insight on...

If US experiences another moderate terrorist attack, especially in New York- do you think it could kick off the widely anticipated equities correction? Too many factors of course (where, how large, rate hike, etc) but moderate is the key word here....
  • #137,706
  • Nov 16, 2015 11:59am Nov 16, 2015 11:59am
What's your opinion guys, is Euro really this weak ? The data doesn't seem so bad? What's your opinion ?
  • #137,707
  • Nov 16, 2015 3:39pm Nov 16, 2015 3:39pm
Hi Sisse,

For some reason i'm seeing spx going up and up till 2200-2250.

If there are no hikes in December, Is there any possibility of rallying towards 2200-2300?

Please share your Upper boundary levels in SPX..

Many thanks..
When Scalpers win, I lose and Vice varsa...
  • #137,708
  • Nov 16, 2015 4:43pm Nov 16, 2015 4:43pm
Quoting Pharm0r
.... If US experiences another moderate terrorist attack, especially in New York- do you think it could kick off the widely anticipated equities correction? ....
sure, rate hike 12/16, Christmas eve atrocities, stocks crash into the new year...just one of countless possible scenarios.......anyway, long pm's starting to look good if the war drums keep getting louder.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,709
  • Nov 16, 2015 7:11pm Nov 16, 2015 7:11pm
Quoting The Fool
{quote} sure, rate hike 12/16, Christmas eve atrocities, stocks crash into the new year...just one of countless possible scenarios.......anyway, long pm's starting to look good if the war drums keep getting louder.
Well on the bright side, the lower stocks start into the new year, the less they have to raise for the next December to end the year on a high note and confirm that the good ol US of A has recovered from Obamer! Somehow that math works right?

What do you mean PMs?

Oh by the way, I found 12 states that don't tax your pension....my home state of Texas being one of them....

and the discussion we had earlier this month, more than likely ends up as me being an equity partner in the company, performing as the commercial maintenance division head- with my original markings plan being a small part of the whole package.

Cant move on it until 2016 though, and even then it's contingent on whether or not we can work out a compensation package worth bailing on my pension for. Crossing fingers
  • #137,710
  • Nov 16, 2015 8:20pm Nov 16, 2015 8:20pm
Quoting Pharm0r
and even then it's contingent on whether or not we can work out a compensation package worth bailing on my pension for. Crossing fingers
good luck, amigo .... you're still young, you'll probably have time to recover from several disastrous business ventures........ PM's = precious metals...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,711
  • Edited 4:04am Nov 17, 2015 3:50am | Edited 4:04am
Quoting Pharm0r
Sisse & Fool; I've a speculation that perhaps you two would like to give some insight on... If US experiences another moderate terrorist attack, especially in New York- do you think it could kick off the widely anticipated equities correction? Too many factors of course (where, how large, rate hike, etc) but moderate is the key word here....
Well 'externalities' like major risk events have 2 main impacts in markets:

-> The 'knee jerk reaction' component that is usually short-lived but it can be very sharp and is based mostly on algos raising bid/offers and panic sells, etc (e.g Japaness earthquake, etc)
-> The 'core reaction' after the 'headlines' has been digested. This reaction it will usually either correct the initial move and continue to whatever that market was heading or if the event is a 'game changer' (e.g Lehman, etc) just quickly pullback to the initial pre news area and start a non stop sharp leg (especially if market is caught on the wrong side [e.g SNB taking out the lower band, etc)

Answering your question. No not really a 'correction'. A correction needs proper fundamentals behind it to make it significant. However, sure a short-lived knee jerk reaction can provide the perfect opp to buy value ('buy the dip') in an uptrend but that wont be a correction itself but rather just a regular technical pullback...

Quoting Pharm0r
{quote} Well on the bright side, the lower stocks start into the new year, the less they have to raise for the next December to end the year on a high note and confirm that the good ol US of A has recovered from Obamer! ...
If you ever decide to do a PHD there you have a great Thesis.

Run an econometric model to show the correlation between Democrats in office and Stock markets rallies while at the same Republicans in office and the price of Oil rocketing.... point being, one way or another, "real money' always play the best hand (and when they don't ...the tax payer will bail them out so) leaving the politicians happily misguide the Average Joe/voter that party A is better/worst than party B when at the end we all know big money is always going to hedge their bets to both sides....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,712
  • Nov 17, 2015 6:17am Nov 17, 2015 6:17am
Thanks gentlemen
  • #137,713
  • Nov 17, 2015 9:31am Nov 17, 2015 9:31am
Quoting sisse
______$1790(Steel Support)______$1970(strong)______$2014(flip)______$2061(soft)[check]______$2100(soft )[check currently sitting there for NFP]______<<unsustainable levels>> (danger zone)
--> Great trading sessions continue in equities and Oil. Here just flatten all in equities on the opening range after 2 great perfect zigzag legs. Well done to all that rode some or all of it (I know they are a couple at least here...):

______$1790(Steel Support)______$1970(strong)______$2014(flip)[check]______$2061(soft)[Double check]______$2100(soft )[check]______<<unsustainable levels>> (danger zone)

--> More importantly we are reaching key level for this week. EARLY alerts triggered !!!today on S&P. Equities holding 2061.xx today/until the Minutes tomorrow it will unlock extended chop zone until at least ECB in December (meaning ECB QE/rate cuts pumping up and FED hikes offseting...) but more than probably until mid Q1 2016.

--> Key to track because equites holding back will give back currencies full control (and treasuries obviously) for the MAJOR movers and shakers in the next few weeks making Euro again the best instrument to trade across the board until year's end.

--> On the shorter term and for this week. As expected since last week 1.061x is naked for a test now that we lost 1.073x intraday on the sad news from France but we printed solid German Expectations and tomorrow we have the Minutes to trigger the last short term leg before the RMT legs in December.

Here dusting Euro back into the trading workspace and actively looking to get in synch for tomorrow Minutes and beyond.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,714
  • Nov 17, 2015 12:02pm Nov 17, 2015 12:02pm
starting to build a short position BUND

BUND D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #137,715
  • Nov 17, 2015 12:47pm Nov 17, 2015 12:47pm
Quoting Pharm0r
Thanks gentlemen
The SnP is right here n now where it was at the beginning of the year. I drove by Santa's a while ago & he had the sled up on blocks. I did not see one reindeer. Times is hard & one a them suckers'll feed a fambly for saveral months. I thought fer sure we could count on Santa.....not so sure now.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,716
  • Nov 17, 2015 12:56pm Nov 17, 2015 12:56pm
Sisse,

could you please post the main pointers from TheGourmetrader on how to draw S/R lines and possibly also on how to trade them.

As you know his blogs are no longer available and I presume you still trade them in a similar fashion, no doubt with refinements evolved over the last few years.

Thanks for your ongoing excellent posts!
  • #137,717
  • Nov 17, 2015 4:35pm Nov 17, 2015 4:35pm
Quoting The Fool
{quote} The SnP is right here n now where it was at the beginning of the year. I drove by Santa's a while ago & he had the sled up on blocks. I did not see one reindeer. Times is hard & one a them suckers'll feed a fambly for saveral months. I thought fer sure we could count on Santa.....not so sure now.....
Inserted Video
  • #137,718
  • Nov 18, 2015 6:51am Nov 18, 2015 6:51am
Any fundamental view for gold if there is a hike rate for Fed next month and if there is no hike rate?

By my view, the fear of rate hike is priced in on the gold since the beginning of the year. Rumour for "Fed is gonna hike" has been starting by End of 2014 while Oct'14 they declared the end of QE lead the price of gold in January 2015 topped at 1307 and month-by-month, gold price is keep decreasing till yesteday freshly low at 1064, differ price: 1307-1064=$243/ounce!!. Then, next month is the last meeting of FOMC wether they liftoff or not. So, is -$243/ounce is a real fear across the invenstor for the liftoff by the Fed, or any other reason gold is priceless nowadays? and wether they hike 25 bps in rate, does it not affect gold significantly or even make the price up? (gold go down first of course and dust settle to up)
  • #137,719
  • Nov 18, 2015 7:16am Nov 18, 2015 7:16am
2 trades in, actually hope to catch some more

BUND D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #137,720
  • Nov 18, 2015 7:20am Nov 18, 2015 7:20am
Quoting Sants
Any fundamental view for gold if there is a hike rate for Fed next month and if there is no hike rate? By my view, the fear of rate hike is priced in on the gold since the beginning of the year. Rumour for "Fed is gonna hike" has been starting by End of 2014 while Oct'14 they declared the end of QE lead the price of gold in January 2015 topped at 1307 and month-by-month, gold price is keep decreasing till yesteday freshly low at 1064, differ price: 1307-1064=$243/ounce!!. Then, next month is the last meeting of FOMC wether they liftoff or not. So,...
think looking at inflation gives better signs atm, although there is a relationship, hikes now certainly does not mean the FED is worried about inflation.
Don't be a hero. Don't have an ego. Always question yourself
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